PRA Policy Statement 1/22: Insurance business transfers
We review the key amendments to the PRA’s Policy Statement 1/22 on insurance business transfers and consider the potential implications.
In September 2020, Milliman released the report from its second Accident Insurance Survey. This report represents 39 carriers and $3.5 billion in inforce premium. The survey, which covers both Accident Indemnity (AI) and Accident Medical Expense (AME), explores numerous facets of the accident insurance market. Topics include sales and inforce, product profile, product features, target metrics, commissions and technology fees, enrollment and portability, underwriting, claims and billing, risks, competitors, and popular benefits. The report segments data, where appropriate, by group, individual worksite, and individual non-worksite. We provide a comprehensive analysis of key market trends with insights from our consultants. For more information, please contact David Bahlinger in our Tampa, Florida, office.